Acadian Asset Management LLC Buys 378,714 Shares of PubMatic, Inc. $PUBM

Key Points

• Acadian Asset Management LLC significantly increased its holdings in PubMatic, acquiring an additional 378,714 shares, raising its total ownership to approximately 0.94% of the company valued at $4.17 million.
• CEO Rajeev K. Goel and Chairman Amar K. Goel recently sold shares of PubMatic, with a total of 354,914 shares worth about $3.93 million sold by insiders in the last quarter.
• Analysts have reduced their price targets for PubMatic, with estimates now ranging from $9.50 to $12.44, while the stock has recently traded at around $8.22, down 3.5%.

Acadian Asset Management LLC grew its holdings in shares of PubMatic, Inc. (NASDAQ:PUBM - Free Report) by 483.6% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 457,033 shares of the company's stock after buying an additional 378,714 shares during the quarter. Acadian Asset Management LLC owned approximately 0.94% of PubMatic worth $4,174,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of PUBM. GAMMA Investing LLC grew its stake in PubMatic by 23,208.3% in the 1st quarter. GAMMA Investing LLC now owns 2,797 shares of the company's stock valued at $26,000 after buying an additional 2,785 shares during the last quarter. Cubist Systematic Strategies LLC bought a new position in PubMatic in the 4th quarter valued at approximately $29,000. Point72 Asia Singapore Pte. Ltd. bought a new position in PubMatic in the 4th quarter valued at approximately $57,000. Headlands Technologies LLC acquired a new position in PubMatic in the 1st quarter valued at approximately $69,000. Finally, Quantbot Technologies LP acquired a new position in PubMatic in the 1st quarter valued at approximately $78,000. 64.26% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at PubMatic

In other news, CEO Rajeev K. Goel sold 44,000 shares of the stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $11.28, for a total value of $496,320.00. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Chairman Amar K. Goel sold 8,020 shares of the firm's stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $8.45, for a total transaction of $67,769.00. Following the sale, the chairman owned 12,496 shares in the company, valued at approximately $105,591.20. The trade was a 39.09% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 354,914 shares of company stock worth $3,931,133 over the last quarter. 26.42% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on PUBM shares. Royal Bank Of Canada decreased their price objective on shares of PubMatic from $14.00 to $11.00 and set an "outperform" rating for the company in a research report on Tuesday, August 12th. Scotiabank reduced their price objective on shares of PubMatic from $15.00 to $10.00 and set a "sector perform" rating for the company in a report on Tuesday, August 12th. JMP Securities reduced their price objective on shares of PubMatic from $16.00 to $12.00 and set a "market outperform" rating for the company in a report on Tuesday, August 12th. Lake Street Capital cut shares of PubMatic from a "buy" rating to a "hold" rating and cut their price target for the stock from $19.00 to $9.50 in a report on Tuesday, August 12th. Finally, Evercore ISI lowered their price objective on shares of PubMatic from $16.00 to $12.00 and set an "outperform" rating on the stock in a research report on Wednesday, August 13th. Four equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $12.44.

PubMatic Trading Down 3.5%

Shares of NASDAQ PUBM opened at $8.22 on Monday. PubMatic, Inc. has a 12 month low of $7.01 and a 12 month high of $17.74. The firm has a market capitalization of $375.82 million, a PE ratio of -117.41 and a beta of 1.52. The firm has a fifty day simple moving average of $10.42 and a two-hundred day simple moving average of $10.42.

PubMatic (NASDAQ:PUBM - Get Free Report) last issued its quarterly earnings data on Monday, August 11th. The company reported ($0.11) EPS for the quarter, missing the consensus estimate of $0.02 by ($0.13). The company had revenue of $71.10 million during the quarter, compared to the consensus estimate of $67.77 million. PubMatic had a negative return on equity of 0.64% and a negative net margin of 0.58%.The firm's revenue for the quarter was up 5.6% compared to the same quarter last year. During the same quarter last year, the company posted $0.04 earnings per share. PubMatic has set its Q3 2025 guidance at EPS. On average, sell-side analysts predict that PubMatic, Inc. will post 0.22 earnings per share for the current year.

About PubMatic

PubMatic, Inc, a technology company, engages in the provision of a cloud infrastructure platform that enables real-time programmatic advertising transactions for digital content creators, advertisers, agencies, agency trading desks, and demand side platforms worldwide. Its PubMatic SSP, a sell-side platform, used for the purchase and sale of digital advertising inventory for publishers and buyers.

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